Antero Resources Corporation (NYSE:AR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Antero Resources Corporation (NYSE:AR) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $44.00.

A number of equities research analysts recently weighed in on AR shares. Mizuho dropped their price target on Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Wells Fargo & Company upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a report on Monday, November 3rd. Morgan Stanley cut their price target on Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research report on Wednesday, August 13th. Finally, Barclays lowered their price objective on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger bought 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the acquisition, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Antero Resources by 40.9% in the first quarter. Envestnet Asset Management Inc. now owns 41,816 shares of the oil and natural gas company’s stock valued at $1,691,000 after acquiring an additional 12,131 shares during the last quarter. Private Advisor Group LLC bought a new position in Antero Resources in the first quarter valued at approximately $215,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Antero Resources during the 1st quarter worth approximately $7,488,000. Journey Strategic Wealth LLC bought a new stake in shares of Antero Resources during the 1st quarter worth approximately $333,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Antero Resources by 50.0% in the 1st quarter. Cetera Investment Advisers now owns 21,090 shares of the oil and natural gas company’s stock valued at $853,000 after buying an additional 7,030 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Trading Up 0.7%

AR stock opened at $33.56 on Friday. Antero Resources has a 1-year low of $29.10 and a 1-year high of $44.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $33.00 and its 200-day moving average is $35.05. The firm has a market cap of $10.35 billion, a P/E ratio of 17.85 and a beta of 0.62.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.